Artificial Tendons and Ligaments Market Expected to Reach $165.7 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Artificial Tendons and Ligaments Market," The Artificial Tendons And Ligaments Market Size was valued at $64.33 million in 2021, and is estimated to reach $165.7 million by 2031, growing at a CAGR of 10.1% from 2022 to 2031.

The artificial tendons and ligaments refer to the surgical replacement of damaged or torn tendons, which are cord-like structures made of strong fibrous connective tissue that connect muscles to bones. Tendons are cable-like tissues that connect muscles to bones. Although one of their functions is to take some of the strain off the muscles, too much activity can injure them. The shoulder, elbow, knee, and ankle joints are most commonly affected by tendon injuries. Artificial tendons and ligament surgeries are preferred for the treatment of tendonitis and damaged tendons and ligaments. Tendinitis occurs when a tendon becomes irritated or inflamed. This can happen through a sudden injury, but it most commonly occurs due to the impact of a minor, repetitious movement. The symptom of tendinitis is pain with any type of movement of the joint especially overhead motions. In a few cases, pain is observed during sleep and early morning hours.

Tendinitis can affect people of any age, especially if they perform a repetitious movement on a regular basis. However, the vast majority of cases occur in people who are at least 40 years old. Elderly individuals have the biggest risk of suffering from chronic tendinitis due to the reduced elasticity in their tendons. Therefore, the rise in geriatric populations drives the growth of the Artificial Tendons Market. For instance, according to the Population Reference Bureau, in July 2019, the number of Americans aged 65 years, or more is projected to double from an estimated 52 million in 2018 to 95 million by 2060.

Growth of the Artificial Tendons And Ligaments Market Size is majorly driven by a rise in the geriatric population, a surge in the number of patients suffering from tendonitis, a rise in physical exercise among children and adults, an increase in interest in professional sports, and surge in a number of athletes that are prone to a tendon injury. Furthermore, the increase in the number of road injuries related to the injury in the tendons is expected to drive market growth. In addition, a rise in R&D investments in drug discovery and development and a rise in occupation-related injury boosts market growth.

For instance, according to the National Library of Medicine, during the 10-year study period, there was an incidence rate of 33.2 injuries per 100,000 person-years. Work-related injuries accounted for 24.9% of acute traumatic tendon injuries. Out of total work-related injuries, occurred in construction and extraction occupations (44.2%), food preparation and serving-related occupations (14.4%), and transportation and material moving occupations (12.5%). Thus, the above-mentioned factors are anticipated to fuel the adoption of such products in the artificial tendons and ligaments industry products.

On the basis of the application of artificial tendons and ligaments, the knee injuries segment generated maximum revenue in 2021 and is expected to witness the highest CAGR during the artificial tendons and ligaments market forecast period, owing to a rise in physical exercise among children and adults, increase in interest of professional sports, and increase in a number of athletes that are prone to knee injuries.

On the basis of end-user, the ambulatory surgery centers (ASCs) segment is expected to witness the highest CAGR during the forecast period, owing to a surge in the number of artificial tendons and ligaments surgeries and an increase in the availability of technically skilled nurses for private practices

Depending on the region, Asia-Pacific Artificial Tendons And Ligaments industry is expected to witness the highest CAGR during the forecast period, owing to the rise in the geriatric population, and emerging economies, and to fulfill the growing demands in developing countries such as India and China.

KEY FINDINGS OF THE STUDY

• On the basis of type of application, the knee injuries segment held the largest share in the Artificial Tendons And Ligaments Market Share in 2021 and is expected to remain dominant during the forecast period.
• By end users, Artificial Tendons And Ligaments Market Share were dominated by the hospitals and clinics segment in 2021.
• On the basis of region, North America held the largest market share in 2021.
• The report includes Artificial Tendons And Ligaments Market Analysis of the regional as well as global Artificial Tendons And Ligaments Market trends, key players, market segments, application areas, Growth strategies